easyJet (LON:EZJ) Shares Cross Above 200-Day Moving Average of $492.14

easyJet plc (LON:EZJ)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 492.14 ($6.13) and traded as high as GBX 547 ($6.81). easyJet shares last traded at GBX 530 ($6.60), with a volume of 5,736,225 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays reissued an “overweight” rating and set a GBX 700 ($8.71) target price on shares of easyJet in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lowered their target price on easyJet from GBX 690 ($8.59) to GBX 680 ($8.47) and set an “overweight” rating on the stock in a report on Tuesday, February 27th.

easyJet Stock Performance

The firm’s fifty day moving average price is GBX 549.44 and its 200-day moving average price is GBX 492.85. The company has a market cap of £4.03 billion, a P/E ratio of 1,244.65, a P/E/G ratio of 2.31 and a beta of 2.58. The company has a current ratio of 1.00, a quick ratio of 1.09 and a debt-to-equity ratio of 104.20.

easyJet Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, February 22nd were issued a GBX 4.50 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a yield of 0.9%. easyJet’s dividend payout ratio (DPR) is 1,162.79%.

easyJet Company Profile

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.